Arrowstreet Capital Limited Partnership acquired a new position in Talkspace, Inc. (NASDAQ:TALK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,090,831 shares of the company's stock, valued at approximately $3,371,000. Arrowstreet Capital Limited Partnership owned 0.65% of Talkspace as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Talkspace by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 7,180,787 shares of the company's stock worth $22,189,000 after acquiring an additional 315,741 shares during the period. State Street Corp raised its holdings in Talkspace by 36.4% in the 3rd quarter. State Street Corp now owns 2,176,589 shares of the company's stock worth $4,549,000 after purchasing an additional 580,826 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Talkspace by 87.3% in the 4th quarter. JPMorgan Chase & Co. now owns 987,220 shares of the company's stock worth $3,051,000 after purchasing an additional 460,248 shares during the period. Royce & Associates LP boosted its stake in shares of Talkspace by 39.7% during the 4th quarter. Royce & Associates LP now owns 698,722 shares of the company's stock valued at $2,159,000 after purchasing an additional 198,722 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Talkspace by 274.1% during the fourth quarter. First Eagle Investment Management LLC now owns 561,200 shares of the company's stock valued at $1,734,000 after buying an additional 411,200 shares during the period. 57.37% of the stock is currently owned by institutional investors.
Talkspace Trading Up 0.9 %
NASDAQ:TALK traded up $0.03 during mid-day trading on Monday, reaching $2.81. The company's stock had a trading volume of 298,820 shares, compared to its average volume of 1,820,775. The stock has a market cap of $472.47 million, a P/E ratio of 281.78 and a beta of 1.16. The firm's fifty day moving average price is $3.05 and its two-hundred day moving average price is $3.05. Talkspace, Inc. has a 12-month low of $1.60 and a 12-month high of $4.36.
Talkspace (NASDAQ:TALK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. The firm had revenue of $48.72 million during the quarter, compared to analysts' expectations of $49.94 million. Analysts predict that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.
Insider Transactions at Talkspace
In other Talkspace news, CEO Jon R. Cohen acquired 75,000 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $2.86 per share, for a total transaction of $214,500.00. Following the purchase, the chief executive officer now directly owns 2,267,980 shares of the company's stock, valued at approximately $6,486,422.80. This trade represents a 3.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders have bought a total of 82,270 shares of company stock worth $235,312 in the last ninety days. Insiders own 21.70% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on TALK shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a research report on Friday, February 21st. Canaccord Genuity Group initiated coverage on Talkspace in a research report on Thursday, April 3rd. They set a "buy" rating and a $5.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Talkspace has a consensus rating of "Buy" and a consensus target price of $4.50.
Check Out Our Latest Stock Analysis on Talkspace
About Talkspace
(
Free Report)
Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.
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